 of 5.7% during 2023-2028.){kind=link}
According to the latest report by IMARC Group, “Global Armor Materials Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2023-2028“, the global armor materials market size reached US$ 12.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Armor materials are specialized protective fabrics designed to reduce impact or damage from outside forces by absorbing shocks. They are manufactured from leather, ceramics, metals, para-aramid fiber, alloy, and fiberglass. They offer enhanced protection against handguns and sharp-edged weapons and are lightweight, durable, and comfortable. Since they provide high structural strength, fracture and crack resistance, and chemical inertness, armor materials find extensive applications in bulletproof vests, armor, helmets, and vehicles across the globe.
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Market Trends:
The global armor materials market is primarily driven by rapid growth in the military and defense industries. Moreover, the rising use of armor materials to protect soldiers in battle and reduce the intensity of approaching weapons and bullets is positively influencing market growth. Additionally, the increasing product utilization to protect military vehicles from shrapnel, bullets, and missiles is another major growth-inducing factor.
Besides this, numerous product innovations, including the development of lightweight armor materials that are highly flexible and sustainable and effectively protect users, have catalyzed market growth. Furthermore, the escalating product demand in the marine industry to protect assets from shellfire, ultraviolet (UV) rays, and underwater torpedoes are propelling the market growth. Other factors, including the widespread adoption of ultra-high-molecular-weight polyethylene, rising security concerns, and favorable government policies, are also anticipated to drive the market further.
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List of Key Companies Covered in this Market Report:
- Allegheny Technologies Incorporated
- Avon Rubber p.l.c.
- CeramTec TopCo GmbH
- Koninklijke Ten Cate B.V.
- Morgan Advanced Materials
- PPG Industries Inc.
- CoorsTek Inc.
- DuPont de Nemours Inc.
- Honeywell International Inc
- Koninklijke DSM N.V.
- Saab AB
- Saint-Gobain S.A.
The report has segmented the market on the basis of type, protection type, application and region.
Breakup by Type:
- Metals and Alloys
- Ceramics
- Composites
- Para-Aramid Fibers
- Ultra-High-Molecular-Weight Polyethylene
- Fiberglass
- Others
Breakup by Protection Type:
- Airborne Ballistics
- Blasts and Explosion
Breakup by Application:
- Aerospace
- Body Armor
- Civil Armor
- Marine Armor
- Vehicle Armor
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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